Bangladesh’s economic growth remains resilient in spite of volatile exports and shrinking remittances, according to a new World Bank (WB) report—The Bangladesh Development Update, September 2017, released yesterday. The WB projects Bangladesh's GDP to grow by 6.4 per cent in the current…

Finance Minister AMA Muhith yesterday said Bangladesh will achieve 7.4 per cent GDP growth in the current financial year 2017-18 (FY18) according to its estimate, reports BSS. “Every year, the World Bank estimates GDP growth lower than what happens. I think, the growth will be what I said earlier,”…

Bangladesh Bank (BB) yesterday asked all scheduled banks to keep one per cent general provision instead of the existing 2.5 per cent against all unclassified short-term agricultural and micro credits, reports BSS. “Banks will maintain one per cent general provision against all unclassified short-term…

AFP,WASHINGTON: US President Donald Trump will roll out a plan to reform America’s tax code Wednesday, a high stakes bid to salvage his agenda and bolster his faltering presidency. Amid a string of legislative setbacks, Trump teased a “big announcement tomorrow,” when the White House…

AFP,FRANKFURT AM MAIN: Germany energy giant EON said it has agreed to sell its remaining stake in fossil fuels spinoff Uniper to Finland’s Fortum Oyi in early 2018. Fortum will offer all Uniper shareholders 22 euros ($25.90) per share, valuing EON’s 46.65-percent holdings at 3.76 billion…

AFP, PARIS:  The government of Emmanuel Macron unveils its first annual budget yesterday set to include a major tax cut for wealthy investors which…

AFP, PARIS: Alstom, the maker of France’s TGV trains, and German industrial giant Siemens said they are to merge their rail activities in a politically…

Stock markets plunged further yesterday due mainly to price fall in large-cap securities despite higher transactions, reports BSS. The falling major sectors were engineering and textile. A total of 184 securities of the large-cap group moved down due to lower activities. The broader DSEX index of Dhaka…

AFP, LONDON: Uber appealed before a British employment tribunal yesterday against a ruling that would give its drivers official worker status, as the company also battles against a threatened ban in London. The landmark case brought by two Uber drivers could have far-reaching implications for people…

AFP, NEW YORK: The euro slid back under $1.18 for the first time in a month on Tuesday as investors worried about the difficulties Angela Merkel will have putting together a government coalition in Germany and the implications for Europe. The lower euro helped European stocks hold their ground and brush…

AFP, DOHA:  Qatar Airways announced Tuesday it has placed an order worth more than $2 billion for six Boeing planes, which it said reflected the airline’s continued expansion in the United States. A statement on the Gulf carrier’s website said it had placed an order for two Boeing 747-8…